QXO Inc (QXO) just unveiled an announcement.
QXO, Inc. has struck a deal with institutional and accredited investors for a private placement of 67.8 million shares at $9.14 each, aiming to raise around $620 million before costs. This move is expected to significantly increase the company’s outstanding common stock to approximately 409.4 million shares. Alongside this, QXO’s board has expanded and welcomed Jared C. Kushner as a new member. These strategic financial and governance steps underscore QXO’s forward-looking statements and ambitious growth plans, despite potential market risks and the need for careful navigation of the securities regulatory landscape.
For detailed information about QXO stock, go to TipRanks’ Stock Analysis page.
